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Streetbeat is your investing co-pilot offering personalized investment advice, automated trading strategies, and market analysis. It uses the same data analysis and technology commonly used by top Wall Street hedge funds.
Introduction to Streetbeat
Streetbeat is an AI-powered advisor for creating custom, automated investment portfolios. You can invest in companies with stable dividends and no military involvement. Streetbeat positions your investments for future increased revenue. Some manual trading options are available only for US stocks and ETFs.
Like some of the best robo-advisors, Streetbeat's automated portfolio options invest in assets like REITs, bonds, stocks, ETFs, crypto-related assets, and more. Portfolios are tailored to your preferences, while generative AI pulls from real-time news, mergers, analyst ratings, earnings calls, price targets, and acquisitions to suggest and manage portfolios.
Streetbeat is best for beginners and passive traders who want to inform their stock and ETF picks with professional data on mobile. The platform allows you to trade either with your own strategies or the ones it has selected. However, Streetbeat does not offer many educational resources.
How Streetbeat Works
Streetbeat has a handful of strong investment features and tools like a back-testing performance simulation, automatic rebalancing, allocation recommendations, and an AI Advisor feature that provides users with transparent trading advice based on real-time market analysis.
Streetbeat trades stocks, bonds, ETFs, and REITs. You can open a new taxable brokerage account with Streetbeat, or connect it with your Robinhood Investing account. Currently, Streetbeat does not support other external brokerage accounts. Alpaca Securities LLC powers all Streetbeat brokerage services.
Managed Portfolios
Streetbeat offers various pre-built investment portfolios, including:
- US House and Congress Buys: This portfolio option tracks the performance of stocks purchased by US House and Congress members and their family members. It's rebalanced daily and weighted based on reported purchase size.
- Generative AI Revolution: This portfolio invests in a diversified selection of generative AI companies with stable dividends, steady returns, and no military involvement. The aim is to increase future revenue.
- Top Gov Contract Recipients: This portfolio blends the top 20 government contract recipients. Government contract recipients are weighted by the announcement contract value and are measured with an exceptional moving average. It is rebalanced daily.
- Bond Ladder 8.11% YTM: This portfolio aims for an 8.11% yield to maturity. It invests in various bond ETFs that impact the Fed's interest rate generation.
- EcoGrowth Titans: This portfolio is essentially an ESG investing portfolio that invests in a blend of green tech, renewable energy companies, and green ETFs with the goal of long-term capital appreciation. Portfolios get exposure to the clean technology sector and may provide a hedge against the traditional energy market.
Other popular pre-built portfolio options include a Crypto Exposure portfolio, a Nancy Pelosi Track portfolio, and a Taylor Swift Strategy. You can also customize your own portfolio using Streetbeat's AI-based algorithms and other personal factors.
Streetbeat Tuition Rewards Program
With Streetbeat's Tuition Rewards Program, you can earn points that can be redeemed for tuition credits at over 450 US colleges and universities. Points never expire. Streetbeat account holders can use these points for themselves or an extended family member.
One point equals $1 in tuition reduction. A participating college or university can accept tuition points up to 25% of the cost of tuition based on your freshman year tuition. For example, if a college's tuition is $50,000 per year when you join as a freshman, you'd get a discount of up to $12,500 per year for four years.
You can earn Tuition Reward Points on an annual or monthly subscription, on the first $1,000 deposit in your account, and by inviting friends to join Streetbeat. You'll also earn 10% of your Assets Under Management (AUM) points each year.
Streetbeat Fees
Streetbeat doesn't require a minimum investment. However, it does charge a $9 monthly fee. An annual subscription costs $69 per year (equivalent to $5.75 per month). New users can take advantage of the platform's seven-day free trial.
Streetbeat doesn't charge fees for management strategies and incoming wire transfers. There is a transfer conversation rate of 0.50%, an ACH return fee of $25, a 2% debit card deposit fee, and a $100 ACAT out transfer fee.
Pros and Cons of Streetbeat
Streetbeat Pros
- No minimum investment requirement
- Various automated portfolio options and investable assets
- Multiple investment options
- Generative AI investing strategies and tools like a back-testing simulator and automated rebalancing
Streetbeat Cons
- At least $9 per month
- Doesn't offer IRAs, custodial account options, or DIY investing
- Limited resources and trading features
- No tax-loss harvesting
Streetbeat Trustworthiness
Streetbeat does not currently have a rating from the Better Business Bureau. The BBB rates companies using a grade scale of A+ to F, and its ratings reflect its opinion of how well a company interacts with its customers. Streetbeat is a privately owned company.
According to Crunchbase, Streetbeat uses Sender Policy Framework (SPF) technologies to run its platform and has received two investor funding rounds.
Streetbeat is not part of any public lawsuits or scandals.
Streetbeat Alternatives
Streetbeat vs. Betterment
Betterment Investing is one of the best robo-advisors for personalized ETF and cryptocurrency portfolios. Streetbeat and Betterment are both automated online brokerages suitable for hands-off investors, but they differ in terms of fees, trading tools, and account options.
Betterment is a stronger automated investing platform for socially responsible investing, stock and bond ETFs, and goal-based investing. Betterment also offers tax-loss harvesting and CFP access, which are both features Streetbeat doesn't have. But investors must have a premium Betterment account ($100,000 minimum requirement) to get human advisor access.
Streetbeat may be a good option for folks with an existing Robinhood brokerage account who want to link it to a Streetbeat account. By linking a brokerage account to Streetbeat, you'll get access to generative AI investing strategies, real-time market data, and curated portfolios on top of existing perks from the external broker.
Betterment review
Streetbeat vs. Fidelity Go
Fidelity Go is one of the best robo-advisors for beginners and mutual funds. Similar to Streetbeat, Fidelity Go has no minimum account requirement. But the two investment apps vary when it comes to investable assets, account options, and fees.
If you're looking to trade ETFs, Streetbeat is the better choice, as Fidelity Go is one of the few robo-advisors that does not offer ETFs. The reverse can be said for mutual funds, as Streetbeat does not offer mutual funds, but Fidelity Go does. Fidelity Go is better for retirement-focused investors and those looking to invest in a health savings account.
Fidelity Go review
Why You Should Trust Us: How We Reviewed Streetbeat
When reviewing investment apps, we use Business Insider's rating methodology for investing platforms to compare and examine pricing, account types, investment availability, and overall customer experience. Each platform receives a rating between 0 and 5.
Investment platforms offer varying assets, financial tools, fees, and other resources. Some investment apps are better for more advanced or active investors, while others may better suit beginner and passive investors. Streetbeat was evaluated, focusing on how it serves each category.
Business Insider's Overall Streetbeat Rating
| Feature | Rating (out of 5) |
| Fees (25%) | 4.00 |
| Investment selection (20%) | 4.15 |
| Access (20%) | 4.00 |
| Ethics (20%) | 4.50 |
| Customer service (15%) | 3.85 |
| Overall score | 4.11 |
Streetbeat FAQs
What is Streetbeat, and what services does it offer?
Streetbeat is a generative AI-powered investment platform that uses the same data analysis and technology commonly used by top Wall Street hedge funds to curate custom portfolios for individual investors. Similar to a robo-advisor, Streetbeat offers automated trading and portfolio management to help you reach your goals. It also offers limited manual trading options.
How does Streetbeat differ from other AI-powered investment platforms?
Streetbeat differs from other AI-powered investment platforms by allowing its powerful data analysis and trading technology to be easily integrated with an external brokerage account. Currently, Streetbeat can only be linked to a Robinhood brokerage account.
Is Streetbeat suitable for beginner investors?
Streetbeat is suitable for beginner investors who prefer a hands-off investment strategy. Streetbeat's algorithms can build a custom portfolio of stocks, bonds, ETFs, and more based on your preferences and goals. Or, you can invest in one of the platform's pre-built portfolios. Streetbeat also offers a back-testing performance simulator, so you can take your investment strategies on a test drive without putting your money on the line.
What are the fees associated with Streetbeat?
Streetbeat's fees are mainly its monthly subscription fee. You can pay $9 per month or $69 per year (which is $5.75 per month). Streetbeat offers a seven-day free trial.
Investing and Retirement Reporter
Tessa Campbell is an investing and retirement reporter on Business Insider’s personal finance desk. Over two years of personal finance reporting, Tessa has built expertise on a range of financial topics, from the best credit cards to the best retirement savings accounts.ExperienceTessa currently reports on all things investing — deep-diving into complex financial topics, shedding light on lesser-known investment avenues, and uncovering ways readers can work the system to their advantage.As a personal finance expert in her 20s, Tessa is acutely aware of the impacts time and uncertainty have on your investment decisions. While she curates Business Insider’s guide on the best investment apps, she believes that your financial portfolio does not have to be perfect, it just has to exist. A small investment is better than nothing, and the mistakes you make along the way are a necessary part of the learning process.Expertise:Tessa’s expertise includes:
- Credit cards
- Investing apps
- Retirement savings
- Cryptocurrency
- The stock market
- Retail investing
Education:Tessa graduated from Susquehanna University with a creative writing degree and a psychology minor.When she’s not digging into a financial topic, you’ll find Tessa waist-deep in her second cup of coffee. She currently drinks Kitty Town coffee, which blends her love of coffee with her love for her two cats: Keekee and Dumpling. It was a targeted advertisem*nt, and it worked.
Compliance Associate
Elias Shaya is a Compliance Associate on the Personal Finance Insider team based in New York City, whichensures content accuracy and editorial independence so readers are always getting up-to-date and objective financial advice.The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Elias is the point person for the loans sub-vertical and works with the editorial team to ensure that all rates and information for personal and student loans are up-to-date and accurate.He joined Insider in February 2022 as a fellow on the compliance team.
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